Last C$0.29 CAD
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As of 10:35 AM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

garibaldi resources corp (GGI) Snapshot

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07/10/14 - C$0.33
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garibaldi resources corp (GGI) Details

Garibaldi Resources Corp., an exploration stage company, is engaged in the acquisition, exploration, and evaluation of mineral properties in Canada and Mexico. It explores for gold, silver, and base metal deposits. The company holds interests in various projects located in Sonora and Chihuahua states, Mexico. It also has interests in mineral properties located in British Columbia, Canada. Garibaldi Resources Corp. was incorporated in 1993 and is headquartered in Vancouver, Canada.

Founded in 1993

garibaldi resources corp (GGI) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: C$144.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: C$144.0K
Compensation as of Fiscal Year 2013.

garibaldi resources corp (GGI) Key Developments

Garibaldi Resources Corp. Reports Progress at the Silver Eagle Target, Rodadero North in Central Sonora State, Mexico

Garibaldi Resources Corp. provided the progress report as drilling continues at the Silver Eagle target, Rodadero North in central Sonora State, Mexico. A fourth hole is now under way to test the geometry and dimensions of a promising high-grade, near-surface structure. Following the discovery of a 7-meter section grading 2,010 g/t Ag (65 oz/ton) in hole SE-14-01, and after encountering exceptionally hard mineralized sulphide bearing quartz rock in SE-14-02 (collared 50 meters to the south), Garibaldi contracted a commercial diamond drill rig to complete the second hole. The larger rig using HQ core is successfully penetrating the rock within the target zone at Silver Eagle and is also providing better core recovery than the company-owned diamond drill. Mineralization at Silver Eagle consists of an apparently flat-lying silicified zone or cap of brecciated rock exposed on a hill. Mineralized structures cross this silicified zone and may form a tabular root or feeder zone to the silicification. The Silver Eagle target is one of eight prospects defined at Rodadero North along a 10-km NW-SE trend. Garibaldi's regional exploration efforts at Rodadero featured the use of hyperspectral remote sensing technology followed by a ground program of mapping and sampling which produced highly encouraging results. Surface sampling results from Silver Eagle, the first target to be drilled at Rodadero, ranged from anomalous to 1,840 g/t Ag. Of 171 chip samples taken in the area of the silicified cap, 44 (26%) contained 100 g/t or more Ag and 23 (13%) contained more than 300 g/t Ag. Assay results from SE-14-01 drill core demonstrated even higher grades within 30 meters from surface.

Garibaldi Resources Corp. Auditor Raises 'Going Concern' Doubt

Garibaldi Resources Corp. filed its Annual on May 29, 2014 for the period ending Jan 31, 2014. In this report its auditor, Manning Elliott, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Garibaldi Drills Bonanza Grade Silver Near-Surface at Silver Eagle Target, Rodadero

Garibaldi Resources Corp. announced that it has intersected exceptionally high silver grades within 30 meters of surface in first-ever drilling at the Company's 45 sq. km Rodadero North Project in central Sonora State, Mexico. A second drill hole has started. First hole at Silver Eagle target (SE-14-01) returned 2,010 g/t Ag (65 oz/ton) over 7 meters (23.1 feet) including 3 meters (9.9 feet) grading 4,565 g/t Ag (147 oz/ton); A 50-meter step-out hole to the south of SE-14-01 has commenced; Garibaldi's exploration team has identified 7 high-priority targets in addition to Silver Eagle at Rodadero North - data compilation and regional work continues.


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